Thunder Power Holdings Reports Reduced Net Loss in Q2 2025 Amid Ongoing Revenue Challenges

Thunder Power Holdings, Inc. reported its financial results for the second quarter of 2025, revealing a net loss of $503,503, a significant reduction from the $1,347,896 loss recorded in the same period of 2024. The company did not generate any revenue during the quarter, consistent with its previous performance. Operating expenses decreased to $503,080 from $1,347,897 year-over-year, primarily due to a reduction in general and administrative expenses, which fell from $1,347,897 to $503,080. This decline was attributed to the absence of share-based compensation expenses that had inflated costs in the prior year.

For the first half of 2025, Thunder Power reported a net loss of $1,258,406, down from $1,561,939 in the same period of 2024. The decrease in losses was again linked to lower operating expenses, which totaled $1,257,736 compared to $1,561,729 in the previous year. The company continues to face challenges in generating revenue, as it has yet to launch any commercially available electric vehicles (EVs) despite ongoing development efforts.

In terms of strategic developments, Thunder Power is in the process of finalizing a share exchange agreement with shareholders of Electric Power Technology Limited, which could enhance its market position. The company has also been navigating significant operational challenges, including a suspension of its stock trading on Nasdaq since April 2025, which has limited its access to capital markets. As of June 30, 2025, the company had cash reserves of $97,454, a decrease from $921,349 at the end of June 2024, reflecting ongoing liquidity concerns.

The company’s operational metrics indicate a focus on developing a range of EV models, including a limited-edition coupe, a long-range sedan, a compact city car, and a long-range SUV. However, the timeline for launching these models remains uncertain, and the company has not yet generated any revenue from vehicle sales. Thunder Power's management has acknowledged the need for additional financing to support its operations and has been exploring various options, including potential debt extensions and new equity capital.

Looking ahead, Thunder Power Holdings faces substantial uncertainty regarding its ability to continue as a going concern. The company is actively working to resolve legal issues involving its principal shareholder, which could impact its financial stability. Management is also evaluating options for restructuring and reducing operational costs to improve its financial position. The outlook remains cautious as the company strives to establish a foothold in the competitive EV market while addressing its liquidity challenges.